Proceeding contribution from Lord McKenzie of Luton (Labour) in the House of Lords on Monday, 14 July 2008. It occurred during Committee of the Whole House (HL) and Debate on bill on Pensions Bill.
Pensions Bill
I thank my noble friend Lady Hollis for her support and welcome for the provisions. I thank her for raising and pressing the issue, and engaging with officials to make sure that it becomes a reality. I am not sure that I can give a better answer to the noble Lord, Lord Oakeshott, than that given by my noble friend. I know that a whole raft of amendments is not helpful to Members opposite, and it is certainly not helpful to the Minister who has to run through them. In answer to the noble Lord, Lord Skelmersdale, I say that I thought that I understood most of them when I read them over the weekend, but these things go from the mind quite quickly. He raised a question about Scotland. I should like to look at the record and go back to the provisions about which he spoke. I am certain that we will be able to provide him with a written answer on his point. My noble friend raised FAS and pension sharing on divorce. Having achieved one thing, it is good to see her campaigning on the next issue. We recognise concerns about enabling the sharing of FAS payments on divorce. We are focused on delivering as quickly as possible all the legislation needed for the extensions to FAS which we announced in December. Once we know the detail of how reform of FAS payments will be structured and delivered, we will be in a far better position to determine how they should be treated when couples separate. I guess that one would summarise that as being work in progress.
Secondary information
- Type
- Proceeding contribution
- Reference
- 703 c1044
- Session
- 2007-08
- Chamber / Committee
- House of Lords chamber
- Subjects
- Compensation Companies Annuities Competition Administrative delays Equality Health Eligibility Gender Income tax Divorce Insolvency Discrimination Financial assistance scheme Index linking Private sector Workplace pensions Pensions Lump sum payments Pension Protection Fund PAYE Scotland State retirement pensions Regulation Taxation Retirement State earnings related pension scheme Pensions Regulator Private equity Civil partnerships dissolution State second pension Impact assessments
- Legislation
- Pensions Bill 2007-08
- Link
- View this Proceeding contribution on www.publications.parliament.uk
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